USD/KZT at closing of the day - 138.01/10 (indicators)

/IRBIS, Dec.14, 99/ - According to REUTERS, at closing of interbank currency market of Kazakhstan on December 14 tenge quotations towards US dollar equaled 138.01/10 tenge per dollar. Compared to the results of the previous day tenge gained 11 points against US dollar on demand and 9 points on supply. In main (morning) session weighted average rate of the dollar with TOD terms equaled 138.08 (-0.09) tenge per dollar and closing quotations - 138.09/10. Additional session under the TOD conditions and the evening TOM and SPT trades were unsuccessful. In the interbank market the dollar demand quotation continued to decrease by the market closing. At that on supply they remaining practically without changes. The spreads increased all time and reached 9 points by the evening. Some slowing down of tenge growth in the dealers quotations was observed in the last hours. The day has shown, that while there are no basis for changes in the dollar market. The only factor, which can tomorrow to a certain extent influence the market is future three days off. Usually the banks do not like remain with tenge for such long term and transfer a part of assets in US dollars and in USA and Germany deposits. Therefore the dollar demand on Wednesday can a little bit increase. But, in opinion of the IRBIS experts, it will hardly cause essential changes in the tenge rate. Thus, on Wednesday tenge will have approximately equal chances to somewhat increase or to lose some points against US dollar.